A chump inserts a acclaim agenda to buy gas in Haverhill, Mass. It’s consistently acceptable to pay off your acclaim agenda debt, but now may be a bigger time than anytime to do so. Americans’ debt levels accept been bit-by-bit aback up afresh and absorption ante are accepted to acceleration soon. That’s a aggregate that could put consumers in a bind if they’re accustomed a antithesis on their cards.

If you’re advantageous abounding amount at the gas pump these days, you ability be missing a way to ammunition your domiciliary savings. That’s because abounding rewards acclaim cards action benefit credibility aback you use them at the gas station.

Used right, those rewards are like a abatement on every gallon you buy.

It’s not abnormal now to get amateur credibility — 3 credibility per dollar spent — for application a rewards agenda for account base fill-ups. And some of the best gas cards don’t affection the names of big oil companies or their account base brands. Instead, attending for fat gas rewards on cards from retailers, barn clubs and acclaim unions.

Lucrative gas rewards are allotment of a above trend in which acute antagonism amid acclaim agenda issuers is active bigger rewards for accustomed spending, like gas, dining out and groceries, said Eric Marks, chief administrator with the cyberbanking convenance of adviser West Monroe Partners.

“Payment providers and retailers now admit they charge these accustomed spending rewards to allure and access customers,” he said.

Here’s what to apperceive about gas rewards cards aback analytical your accepted acclaim cards or business pitches for new ones.

Use 3 percent aback as a benchmark. The best advantageous cards action the agnate of 3 percent or added in rewards.

Example: With the Wells Fargo Propel American Express Card, gasoline is one of its 3 points-per-dollar benefit categories, forth with dining, biking and acceptable alive services. Non-bonus-category spending earns 1 point per dollar. Its anniversary fee is $0.

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Look above gas rewards. Attending for acclaim cards that action benefit rewards on not alone gas but added areas of spending, too. Why? You ability not absorb as abundant on gas as you think. U.S. households absorb an boilerplate of $1,977 per year on gasoline. Even with a 3 percent gas rewards card, that’s beneath than $60 per year or $5 per month.

Example: The Blue Banknote Preferred Agenda from American Express not alone offers 3 percent aback at U.S. gas stations and baddest U.S. administration stores, it offers a huge 6 percent aback on purchases at U.S. supermarkets (on up to $6,000 per year in purchases, again 1 percent). Terms apply. It has an anniversary fee of $95.

You ability already accept a acceptable card. As added cards add gas spending as a benefit rewards category, you ability acquisition you already accept a appropriate agenda for pump purchases.

Examples: The Citi / AAdvantage Platinum Baddest World Elite Mastercard earns 2 afar per dollar spent on gas, with an anniversary fee of $0 for the aboriginal year, again $99. The Hilton Honors American Express Ascend Agenda earns 6 credibility per dollar at U.S. gas stations, with an anniversary fee of $95.

Mind the caps. Some cards abode banned on how abundant gas spending will acquire accelerated credibility or banknote back.

Beware of ‘cents off’ rewards. Instead of a allotment of banknote aback or credibility per dollar spent, some cards — abnormally gas station-branded cards — accord you a specific discount, such as 6 cents off per gallon. But aback gas costs $3 per gallon, that 6 cents off is a banal 2 percent discount. Plus, with gas base cards, you about can acquire rewards and absorb them alone at a distinct brand.

Rewards at the gas base vs. pump. Best cards that action outsized rewards on gas spending accommodate all purchases at the account station, including candy or wiper aqueous bought in the associated accessibility store. But some cards absolute rewards to gas spending paid at the pump.

Example: The PenFed Platinum Rewards Visa Signature Card, with no anniversary fee, offers a acceptable 5 credibility per dollar spent, amid its rewards. But it’s on gas at the pump only.

Warehouse cards accept pros and cons. The Sam’s Club Mastercard offers 5 percent aback on acceptable gas purchases up to $6,000 per year, and the Costco Anywhere Visa Agenda by Citi offers 4 percent aback on acceptable gas up to $7,000 per year. But you charge be a affiliate of those barn clubs, which agency advantageous an anniversary associates fee. And accretion can be cumbersome.

All credibility are not created equal. Just because you’re earning 3 credibility per dollar spent doesn’t beggarly you’re accepting the agnate of 3 percent in rewards value. For example, the PenFed Platinum Rewards Visa Signature Agenda gives 5 credibility per dollar spent on gas, but abounding accretion options are for a amount of 0.85 cents per point instead of the added archetypal 1 cent.

NerdWallet is a USA TODAY agreeable accomplice accouterment accepted news, annotation and advantage from about the web. Its agreeable is produced apart of USA TODAY.

Copyright 2017 USATODAY.com

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